Silver Price Analysis
Silver is up $1.78 this week as the Fed starts to talk more moderate rate hikes. There's still be drama in the markets with crypto and stocks under pressure as we continue to be in a bear market. Silver is getting in to overbought territory so we should see a pullback that will test and bearish momentum.
Silver Chart
Portfolio Update
My current assets are valued at $2067.16 with a total acquisition cost of $1927.29. Still holding positive for a few weeks in row. Silver is swinging like crazy during the week with it up 8.22% this week. However, if you look week over week you don't see the swings. This is traders dream.
Asset Allocation Chart
Asset Holding by Product
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Silver is up slightly now. Still difficult to predict the market !
Yeah lot's of moves, but we will see how it plays out in the short term. Stocks and the fed drive metal prices right now. I'd love to end the year out of a bear market.
Lots of stirring going on in the markets.
It's been pretty wild I would have thought we would be out of this bear market. If it was not for FTX I think crypto would have turn positive.
That flip Friday was really something! 8AM silver crashes then that comeback was incredible! Bottom is certainly in. No more $18 dips But I could see sideways a while after hitting $24.75 area.
Cheers friend #KeepOnStacking
It's a traders dream. I hope you are correct, but it all is FED driven. If the algos want it lower it will go lower. I have been seeing a lot of computer wash sales happening to drive all assets lower. I wish someone would step in and stop the manipulation.
Wow. Silver is really doing pretty well
Yes, it had a good week with some serious swings.
Thanks again for keeping us updated, @cryptictruth.
No problem. I like they everyone stops by this is one of my most active weekly posts. I appreciate the support.
May the price of silver rise further, good wishes for this metal
I'd just like it to be fair market value. JPM has the market trapped with paper silver.
Wow, good!
I hope it last!
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